Tesla Motors to raise up to $214.3M (AP)
PALO ALTO, Calif. – Electric automobile concern discoverer Motors Inc. says it plans to improve up to $214.3 meg by commerce ordinary stock.
A assets of the proceeds module be utilised to develop a elector vehicle.
Tesla plans to delude 5.3 meg shares to the public, and up to 795,000 more to the underwriter, at $26 each, according to a restrictive filing. That would improve up to $158.5 million,
CEO and co-founder Elon Musk module also acquire 1.5 meg shares at the aforementioned toll in a clannish sale. Blackstar Investco LLC, an affiliate of Daimler AG, module acquire 644,475 shares direct from discoverer at the open substance price. That would alter total proceeds of $214.3 million.
Tesla sells one model, the Roadster. Deliveries of a second car, the Model S, begin incoming year.
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